As financial planning takes centre stage in securing the future, investment preferences are shifting from traditional saving methods like Fixed Deposits (FDs) and savings accounts to more dynamic options such as Systematic Investment Plans (SIPs).
SBI Chairman CS Shetty hinted towards a new plan which could involve the benefits of FD and SIP. Notably, both the deposit plans give the option of monthly investment and are popular among the working professionals.
The significant surge in investments highlights a fundamental change where Indians are moving away from being primarily savers to becoming investors, indicating a notable transformation in the financial landscape of the country.
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